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Interesting Interview

jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
in Precious Metals
Invest in anything that Bernanke can't destroy................Interview with David Stockman
Q: Are You Printing Money? Bernanke: Not Literally

I knew it would happen.

Comments

  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    David Stockman should be running the Treasury Dept. A smart presidential candidate would be leaning on him.

    From the interview:

    "TGR: Finally, what is your investment model?

    DS: My investing model is ABCD: Anything Bernanke Cannot Destroy: flashlight batteries, canned beans, bottled water, gold, a cabin in the mountains."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    Indeed very interesting.

    He says you should be in "cash", but later says "Gold".

    Which is it?

    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭
    Great interivew. I read it all. I took it as validation for continuing to stack gold. I am.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    He says you should be in "cash", but later says "Gold".

    Which is it?

    Both, cash to get by, gold to win.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Yep... cash in the short term, gold long term.... Cheers, RickO
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